New Flex Space with
For Sale
$625,000
3350 Balomede St, Lancaster, TX 75134
Planned commercial space combines warehouse functionality with dedicated office areas and mixed-use zoning approved by Lancaster.
Property Size3,000 SF
Price / SF$208.33
Days on Market509
Property Features for 3350 Balomede St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
1,800 SF
Office Build-Out
1,200 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Listing Agency:
Parabran Realty Firm LLC
Listed By:
Fabian Gregorio · License #0801208
(832) 540-9697
Source:
Northtexashomeguide
Added: May 16, 2025
Changed: Oct 1
Last Checked: Oct 5 at 6:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parabran Realty Firm LLC
Investment Insights
Based on property information with market context.
Planned for 3350 Balomede St, this flex-space development will provide 3,000 square feet divided between 1,800 square feet of warehouse area and 1,200 square feet of office space. The project is represented through 3D renderings showing the anticipated finished design, with construction completion identified for March 2026.
The property carries mixed-use zoning approved by the City of Lancaster. Its location provides access to I-35E and downtown Lancaster, Texas, supporting businesses seeking a combination of warehouse and office space in one facility.
The property carries mixed-use zoning approved by the City of Lancaster. Its location provides access to I-35E and downtown Lancaster, Texas, supporting businesses seeking a combination of warehouse and office space in one facility.
Key Highlights
- 3,000‑square‑foot flex‑space development
- 1,800 square feet of warehouse area paired with 1,200 square feet of office space
- Mixed‑use zoning approved by the City of Lancaster
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,525
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,500
$850.5K
Cap Rate 7%
$607,500
$607.5K
Cap Rate 9%
$472,500
$472.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$75.6K $25.20/SF
− Vacancy
−$18.9K −$6.30/SF
EGI
$56.7K $18.90/SF
− OpEx
−$14.2K −$4.73/SF
NOI
$42.5K $14.17/SF
Area
Dallas County, TX
Vacancy
25.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,500
Cap Rate 7%
$607,500
Cap Rate 9%
$472,500
Alternative Uses
Best Use
Office B
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 6.80%
Second Best
Warehouse
$269.8K
$236.1K – $314.7K
NOI $18,884 @ 7.0% cap · market cap 3.02%
Theoretical Best
Multifamily LT 5
$35.96M
$31.46M – $41.95M
NOI $2,517,196 @ 7.0% cap · market cap 402.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75134, TX
20,194
Population
7,003
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,905
Density / Sq Mi
$66,134
Median Household Income
$48,605
Median Earnings
$1,762
Median Rent
$216,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Planned commercial space combines warehouse functionality with dedicated office areas and mixed-use zoning approved by Lancaster.
Where is this flex space located?
The property is located at 3350 Balomede St Lancaster, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,000‑square‑foot flex‑space development; 1,800 square feet of warehouse area paired with 1,200 square feet of office space; Mixed‑use zoning approved by the City of Lancaster
